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    Property profile & analytics

    507 6Th St Williston, FL 32696

    • Distribution centers
    • 8,750 SF
    • 0.63 lot acres
    For Sale
    View listing
    $1,450,000
    Last Sale
    Aug 24, 2023
    $875,000
    Value Estimations
    Cap Rate Potential
    7.6%
    Distribution centers
    Location Intelligence
    Property ID
    US18-4682133
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Williston Storage-Climate Controlled / Self-Storage Facility / Records Storage Facility

    Property Details for 507 6Th St

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    8,750 SF
    Property type
    Distribution centers
    APN
    504300700
    APU
    504300700

    Description

    This exceptional self-storage investment opportunity in Williston, Florida, presents a fully stabilized, climate-controlled facility boasting a 9% cap rate (Year 1). Situated on 1.4 acres encompassing two parcels, the property comprises 13,875 square feet of space, including 8,750 square feet of climate-controlled storage units (95% occupied, with a waiting list) in a single-story building constructed in 2007. Three additional warehouse buildings totaling 5,125 square feet offer versatile space, currently partially leased (2-year lease commencing March 2024), with potential for conversion to additional climate-controlled storage. These buildings feature an office, two bathrooms, electric roll-up bay doors, electric hookups, and air compressors. Buildings 2 and 3 have recently received new metal roofs, and Building 2 has had its exterior metal replaced. The property also includes space for up to 20 boat/RV parking spaces or Boxwell units, with current marketing efforts underway (May 2024). The facility is remotely managed and features keypad entry for customer access. The current economic occupancy is 78%, indicating significant upside potential. The seller is offering attractive owner financing: 50% at 6% interest for 14 years. This presents a compelling opportunity for investors seeking a high-return, low-management self-storage asset in a growing Florida market with proximity to Gainesville and Ocala. The property includes 56 climate-controlled units across seven buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,355,000
      RETAIL STORES
      $1,270,000
      OFFICE BUILDING
      $1,135,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.4391
    Latitude
    29.382
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,830
    $0.00
    $0.00
    $174,920
    -
    $40,000
    $134,920
    $174,920

    Comparable in this City

    • Value Estimation by Request
      7,350 SF

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    • Value Estimation
      $540,000
      3,000 SF

      2870 200th Ave

      DISTRIBUTION WAREHOUSE • 3,000 SF
      2870 200th Ave, Williston, FL 32696-7240
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    • Value Estimation by Request
      51,000 SF

      12 5Th St

      Manufacturing properties • 51,000 SF
      12 5Th St, Williston, FL 32696
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    • Value Estimation by Request
      8,000 SF

      2450 200th Ave

      DISTRIBUTION WAREHOUSE • 8,000 SF
      2450 200th Ave, Williston, FL 32696-7210
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    • Value Estimation by Request
      5,100 SF

      2990 200th Ave

      DISTRIBUTION WAREHOUSE • 5,100 SF
      2990 200th Ave, Williston, FL 32696-7229
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    • Value Estimation by Request
      6,480 SF

      7060 Hwy 41

      DISTRIBUTION WAREHOUSE • 6,480 SF
      7060 Hwy 41, Williston, FL 32696-5738
      View Details

    Similar Nearby for Sale

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    • $1,450,000
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      Williston Storage Facility

      High-Yield Self Storage Investment
      507 6Th St, Williston, FL 32696
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      Williston Mixed-Use Property - Acre Lot

      Prime Williston location, fixer-upper, huge potential!
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      High-Volume Williston Gas Station

      Busy Retail Property, Huge Potential
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    • Contact for pricing

      Vacant Land Available

      Vacant land spanning 0.23 acres.
      00 NE 112 Ave, Williston, FL 32696
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    Similar Nearby for Lease

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      51,000 SF

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      Commercial Land For Lease

      Commercial land available for lease in Williston, Florida.
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    • Contact for pricing
      2,146 SF

      Drive-Thru Restaurant For Lease

      Drive-thru restaurant on 1.94-acre parcel with high visibility.
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    507 6Th St
    Williston, FL 32696
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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